Dr. Jeremy Dang reports

ELECTROVAYA RECEIVES ADDITIONAL US$7.3 MILLION ORDER FOR FORTUNE 100 CUSTOMER

Electrovaya Inc. has received purchase orders through its OEM (original equipment manufacturer) sales channel, valued at approximately $7.3-million (U.S.). The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Canada for powering material-handling electric vehicles in multiple distribution centres. This order followed a recent $3.5-million order from the same end customer that was placed in November, 2024. Additional sites are under consideration for this calendar year.

"We are happy to report this repeat order with a globally recognized tech-giant company," said Dr. Jeremy Dang, vice-president of business development at Electrovaya. "With these new orders, this end-user will have over 2,000 Infinity batteries deployed in more than 40 different distribution centres across three countries on two continents. Electrovaya is thrilled to be a part of the customer's mission in adopting clean, safe and long-lasting energy solutions."

About Electrovaya Inc.

Electrovaya is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The company has extensive intellectual property and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy-duty electric vehicles based on its Infinity battery technology platform. This technology offers enhanced safety and industry-leading battery longevity. The company is also developing next-generation solid-state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000-square-foot manufacturing facility in New York for its planned gigafactory.

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